Asian equity markets ended mostly lower on Wednesday, as oil prices retreated in Asian deals on doubts over potential OPEC action to support prices amid a supply glut. Chinese shares ended lower showing little reaction to the formal announcement of a long-awaited stock trading link between Shenzhen and Hong Kong. Chinese authorities on Tuesday approved the launch of the stock trading link between Hong Kong and Shenzhen, the tech-heavy bourse. But, the market reaction was calm as the approval had been expected. The Indonesian market was closed for Independence Day. While, Japanese stocks bounced after sliding the previous day, though the recovery was contained by a backdrop of cautious trading after hawkish comments from US Federal Reserve officials sent the yen to a seven-week high.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,109.55 | -0.48 | -0.02 |
Hang Seng | 22,799.78 | -111.06 | -0.48 |
Jakarta Composite | - | - | - |
KLSE Composite | 1,694.32 | -5.57 | -0.33 |
Nikkei 225 | 16,745.64 | 149.13 | 0.90 |
Straits Times | 2,843.35 | -15.45 | -0.54 |
KOSPI Composite | 2,043.75 | -4.01 | -0.20 |
Taiwan Weighted | 9,117.70 | 7.34 | 0.08 |